Which returned more over the last year, BWET or MBB?

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and MBB −0.8%.

Which is cheaper, BWET or MBB?

MBB is cheaper, by 4.64 percentage points a year. That is about $464 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BWET vs MBB: Differences, Returns & Fees

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BWET is a commodity futures fund and MBB a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −0.8%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $35.5bn for iShares MBS ETF.

BWET on its own →MBB on its own →

At a glance

+5,121.7%

BWET total return, 1 year

−0.8%

MBB total return, 1 year

4.68%

BWET expense ratio

0.04%

MBB expense ratio

Pair scorecard

MBB costs 4.64 points a year less; their one-year returns differ by 5122.5 points; MBB is far larger, $35.5bn against $178m.

BWET vs MBB: Differences, Returns & Fees
Measure	BWET	MBB
Return
Measure	BWET	MBB
Total return, 1 year	+5,121.7%	−0.8%
Drawdown
Measure	BWET	MBB
Below its high	11.2%, high on Oct 8, 2026
Benchmark
Measure	BWET	MBB
What it tracks	Tanker freight futures	Bloomberg U.S. MBS Index
Cost and size
Measure	BWET	MBB
Expense ratio	4.68%	0.04%
Net assets	$178m	$35.5bn
Holdings
Measure	BWET	MBB
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF MBB iShares MBS ETF

Where it sits Commodity ETF Bond ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks an index of mortgage-backed securities

Total return, 1 year +5,121.7% −0.8%

Its benchmark over the same days not measured −1.1% (SPMB)

Gap to its benchmark not measured +0.3 pts vs SPMB

Expense ratio 4.68% 0.04%

Holdings not counted 10813

Net assets $178m $35.5bn

BWET and MBB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

BWET

Its expense ratio is 4.68%, for the year to Jun 30, 2026, as its 10-K states.

BWET holds tanker freight futures. Over the year to Oct 28, 2026 it returned +5,121.7% with distributions reinvested. It sat 11.2% below its high of Oct 8, 2026 on Oct 28, 2026.

MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, BWET or MBB?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and MBB −0.8%.
Which is cheaper, BWET or MBB?: MBB is cheaper, by 4.64 percentage points a year. That is about $464 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs LQD BWET vs GOVT BWET vs IEF BWET vs SHY MBB vs USO MBB vs SIVR MBB vs SLV GLDM vs MBB

Where to next

BWET on its own →MBB on its own →Hold both: look the portfolio through →Rankings →MBB dividend history →MBB holdings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

MBB filings on SEC EDGAR ↗

MBB prospectus with the expense ratio (SEC) ↗

iShares page for MBB ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BWET against MBB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-mbb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.